EmblemHealth

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55 Water Street houses the company headquarters

EmblemHealth is a health maintenance organization (HMO) and health insurance company based in New York City. It is a $10 billion company with 3.4 million members.[1]

In May 2013, Frank Branchini became chairman and chief executive officer, succeeding Anthony Watson, who retired. Watson's compensation, $8.8 million in 2011, was often discussed. In contrast, Mark Wagar, president and CEO of Empire BlueCross BlueShield, the largest New York insurer, was paid $2.2 million.[1]

Watson managed the 2006 merger of Group Health Incorporated (GHI) and Health Insurance Plan of New York (HIP) into EmblemHealth.[2] EmblemHealth is headquartered at 55 Water Street in Lower Manhattan, New York City.[3] In 2004, HIP Health Plan had moved 2,000 of its employees to 55 Water Street, the largest corporate relocation to Lower Manhattan since the September 11 attacks.[4] Although discussions about for-profit conversion have taken place, the organization remains a non-profit.[1]

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Notes
  1. ^ a b c Benson, Barbara (May 15, 2013). "CEO Tony Watson to leave EmblemHealth". Crain's New York Business. 
  2. ^ "About us". EmblemHealth.com. 
  3. ^ "LARGE EMPLOYER GROUP APPLICATION." EmblemHealth. Retrieved on August 12, 2011. "EmblemHealth, 55 Water Street, New York, New York 10041 HIP Insurance Company of New York, 55 Water Street, New York, NY 10041 Group Health Incorporated, 441 Ninth Avenue, New York, NY 10001"
  4. ^ HIP Health Plan (October 12, 2004). "HIP CELEBRATES OPENING OF NEW HEADQUARTERS IN LOWER MANHATTAN RELOCATION OF 2,000 EMPLOYEES TO 55 WATER STREET REPRESENTS LARGEST CORPORATE RELOCATION TO LOWER MANHATTAN SINCE 9/11". Retrieved August 12, 2011. 


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